Deutsche Bank is set to raise starting salaries for its junior bankers to $110,000, bringing it in line with bulge bracket rivals that have all hiked pay at least twice over the past year.
The German lender will roll out pay rises for analysts in October, according to people familiar with the matter. First year salaries are set to increase from $100,000 to $110,000 and second years' from $105,000 to $125,000. The rise applies to staff within Deutsche's corporate finance unit, but not its markets business.
